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20131202
20131210
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, is joe watkinss, republican strategist and former white house aide for president george h.w. bush. let's start with that november jobs number. joe, why don't you take it away. employers adding more jobs than expected, unemployment rate at %, is this good, too good to be true or what? >> well, those are good numbers. i prefer to see the rate of unemployment number go down instead of going up. you have to look at what's behind the numbers. the labor force is not growing and the fact that labor force is not growing means that now we have to create fewer jobs in order to keep the rate of unemployment level. so at one point a few years ago we needed to create about 150,000 jobs a month in order for that rate of unemployment to stay even. now we only need to create about 100,000 jobs a month in order for that rate of unemployment to stay flat and if we exceed that as we've done this month the last couple months, last few months, a downturn in the rate of unemployment. the labor force participation rate is the question, is 63% still, it was 63%, four years ago or -- in 2007, it was at 67%. so
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